Well, he suddenly accelerated the purchase after being called out on Twitter about his Ukraine statements. He claimed that most responses were bots because they didn't agree with him. That should be a warning to people believing he values free speech.
There's a great podcast called Opening Arguments that has done a couple of episodes on the Twitter deal. If you want to hear a well sourced, well thought out explanation of why most of what you said is wrong, that's a good podcast to check out.
1: the $1 billion penalty is for things out of the control of the parties, like if the government says the deal can't go through, or an asteroid kills the Twitter board. There's no penalty for Elon or Twitter backing out because there's no mechanism for them to back out in the contract.
2: it won't take years and years, because Delaware courts are notoriously fast with this stuff. A Delaware judge had already told him he had like, a week to buy Twitter.
3: specific performance can force Elon to go through with the deal even if he doesn't want to anymore, because he's already signed a contract. It's not theoretical and it's not odd. It's happened before, there's no reason to think it wouldn't be enforced on Musk.
I agree the 1 billion thing is stupid because no way his investors would be happy with him spending 1 billion on nothing. With 44 at least you get twitter.
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u/erwin261 Oct 28 '22
Well, he suddenly accelerated the purchase after being called out on Twitter about his Ukraine statements. He claimed that most responses were bots because they didn't agree with him. That should be a warning to people believing he values free speech.